but it starts to make sense out of the madness. The US Dollar is north of 93 this morning

D’oh! 🙂

Interesting timing!

Endeavour Mining delivers 466,000 oz in 2014 to exceed guidance and generates positive cash in Q4

http://finance.yahoo.com/news/endeavour-mining-delivers-466-000-220000181.html

Cash-strapped Mongolia offers more land for mining projects

http://finance.yahoo.com/news/cash-strapped-mongolia-offers-more-061230686.html

Midway Provides Construction Update for Pan Gold Project, Nevada

http://finance.yahoo.com/news/midway-provides-construction-pan-gold-133000796.html

Largest Retail FX Broker Stock Crashes 90% As Swiss Contagion Spreads

The Silver Bullet will be departing shortly.  All Aboard!

http://www.railpictures.net/viewphoto.php?id=441933

The day the Swiss peg to Euro was announced, gold peaked at 1920? What does that mean now that its been removed?

Ukraine President Signs Mobilization Decree: 50,000 To Be Drafted

http://www.zerohedge.com/news/2015-01-15/ukraine-president-signs-mobilization-decree-50000-be-drafted

It’s a funny old world when frightened people turn to the Swissie, which the SNB is again mass-producing, rather than to gold, which nobody can mass produce. While the franc yields something to gold’s nothing, the spread is narrowing. And if as Thomas Moser, an alternate member of the SNB’s policy-setting Governing Board, suggested in a Sept. 10 interview with The Wall Street Journal, the SNB finally has recourse to negative rates, the barbarous relic will outyield the franc. Way back in the 1970s, relates Christopher Fildes, a delegation of foreign newspapermen were visiting the old Union Bank of Switzerland in Zurich. In response to a casual remark about the proverbial strength of the franc, a Swiss banker scoffed. “We do not say ‘as good as gold,'” declared this eminence. “Gold is not as good as the Swiss franc.” And now?

http://www.zerohedge.com/news/2015-01-15/blast-recent-past-jim-grant-nails-snb-decision

Last time anyone in Kelowna made it big in mining was a dude at “Norm’s Manufacturing”.

I let you chew on that before I supply the answer…

Equisetum

Been out of uranium for a couple years

Hopes al’s well on the West Coast

Keep Stacking

Winedoc

Obamas chief advisor is Iranian  !     Valerie Jarrett born in Shariz Iran ..she speaks  Persian .Has extensive links and relatives to Communist  (Stalinist Party)…..Has held secret talks with Iran …Is it any wonder  Obama has surrounded himself with Communists and ignores Western Leaders ?  She need to be run out of the Whitehouse …She needs to be Borked !   Where are the outraged  Republicans ? why arent they raising a storm of outrage ! and organizing Marches on Washington to rid it of Communists ……Putin must be Laughing his ass off !  the Irony !

She presided over Chicago SLUMS her Great Grandfather  was named after ..Robert Taylor….4400 Slum apartments…..

I ask you, winedoc, because you said a few times that you included the uranium sector in your investment horizon. I ask you, Macroman, because you may be proud of a Kelowna-based company. I like it when there are examples that not all Canadian resource companies need to based in Toronto, Vancouver or Calgary. I particularly like Saskatoon-based resource companies and I can cheer for Kelowna too.
At the moment I hold no shares in FCU.TO. In the spring of 2014 I was in and out of this stock, and then investor interest tapered off in mid-2014. Now it is in the news again with the recent results from exploration below Patterson Lake. Note the gap in the share price jump in recent trading. The excitement is about uranium content in the drill cores, but some cores also contain notable gold content. I am watching this one, but am patient about it because their future is dependent on a major to step in if there is to be any move towards production. Cheers. Equiz.

http://stockcharts.com/h-sc/ui?s=FCU.TO&p=D&yr=1&mn=0&dy=0&id=p21422437973

I’m rather a non conformist on both sides because one side swings too far one way with reckless disregard for profit and the other side basic Marxism over controlling for profit. Yes there should be regulations for safety of both workers and the public minus steep fines unless willful disregard after regulations in place resulted in harm to others or knowing something could harm others or wildlife. What good is a job going to do if your child is born with deformities and your wife dies of cancer. I was almost blinded because if one of these factories due to lack of regard for workers and luckily was able to save my self to a degree because I was bound not to talk about my work so didn’t seek help I should have gotten. I got out lucky others died there or permanently disfigured. Ps while doing research on some of the problems I ran across in library a bunch of children all missing their arms on right side or left and they all were born near a factory in Russia. It’s happened here too.

The Swiss made loans all over central and Eastern Europe. They were denominated in francs, not euros. Their payments just effectively went up 25%. Can you say FORECLOSURE ? The world depression has started in Europe again.

rno

he’s just trying to ride coat tail through name association. probably the later

Re your….
“Although Im kind of glad some of the toxic polluter industries to land and air are gone although it would have been better if they could in a cost effective way prevented those problems not to mention the illegal toxic dumpings on both land and water.”

Comment:
You really should NOT think that way. What you just unwittingly repeated was NWO world gov’t propaganda that was spoon fed to the entire US public so they vote for and go along with and except more rules and regulations against tax paying job creating businesses. In other words, they greased the American for globalization. The environment has turned into a fetish with millions of Americans like its their hobby or something. They are being used and don’t know it.

Part:
“The Swiss economy will rapidly fall into recession as a result of the SNB move.”

Comment:
I don’t care how many years ago it happened, but Switzerland (and the USA) was doomed the day they got “integrated” into globalization. All pockets of independence were absorbed into one NWO. And its going backwards. I’m happy. 🙂

I’m beginning to wonder if I was the only one on the planet watching and observing the evolution of this mess.

On the other hand looks like the present system says we don’t need each other we can just be a service society lol Then they can just farm all the other jobs mostly male type jobs overseas and men can become service people or stay at home dads. Sounds just like the very poor neighborhoods MO for most part and or supplemented with welfare. I think he means trade and movement of money but your right that has not worked out very well on our side. Although Im kind of glad some of the toxic polluter industries to land and air are gone although it would have been better if they could in a cost effective way prevented those problems not to mention the illegal toxic dumpings on both land and water. I wonder when the health problems are going to show up in China.

“Raising taxes reduces disposable income and that can ONLY reduce economic growth.”

Comment:
He neglected to say how and why taxes got so high. I myself watched over the decades what was going on and what caused the higher and higher taxes……

Global corporations, that control our elected representatives, and get the ok, to have it made over there and sell it over here. That process put millions of Americans out of work.

Less work means more people that used to PAY taxes get on public welfare, or public employment, and start to ABSORB taxes. Ironically, the growing numbers of public employees, and vendors, get paid MORE than the tax PAYERS.

I watched it unfold. When we made all our own widgets 1945 to 1975, the US gov’t had budget surpluses. After decades of importing MORE than we exported, we end up with budget deficits and low tax payer wages. A simple catch 22 situation.

These global special interests are like a separate independent country of its own with its citizens scattered all over the world like Muslim extremists of the day. One group scattered all over the globe.

I’m sure there are many American businesses in that independent group of globalists without even knowing it. If your small local business is importing stuffed animals from China, and you sell them at flee markets, or Craigslist, you are unwittingly a small globalist. You are out for yourself, not patriotic at all.

End of CB Power – SNB Folds
Bruce Krasting’s pictureSubmitted by Bruce Krasting on 01/15/2015 08:20 -0500

I wrote about the Swiss National Bank being forced to abandon its currency peg to the Euro on 12/3/14, 12/8/14 and 1/11/15. That said, I’m blown away that this has happened today.

Thomas Jordan, the head of the SNB has repeated said that the Franc peg would last forever, and that he would be willing to intervene in “Unlimited Amounts” in support of the peg. Jordan has folded on his promise like a cheap suit in the rain. When push came to shove, Jordan failed to deliver.

The Swiss economy will rapidly fall into recession as a result of the SNB move. The Swiss stock market has been blasted, the currency is now nearly 20% higher than it was a day before. Someone will have to fall on the sword, the arrows are pointing at Jordan.

The dust has not settled on this development as of this morning. I will stick my neck out and say that the failure to hold the minimum rate will result in a one time loss for the SNB of close to $100B. That’s a huge amount of money. It comes to 20% of the Swiss GDP! If this type of loss were incurred by the US Fed it would result in a loss in excess of $2 Trillion!

In the coming days and weeks there will be more fallout from the SNB disaster. There will be reports of big losses and gains from today’s events. But that is a side show to the real story. We have just witnesses the collapse of a promise by a major central bank.

The Fed, Bank of Japan, ECB, SNB and other Central Banks have repeatedly made the same promises over the past half decade:

Don’t worry! We are here. We will do anything it takes to achieve the stability we desire. We are stronger than the markets. We can overwhelm all forces. We will never let go – just trust us!

I never believed in these promises, but the vast majority of those who are active in financial markets did. The entire world has signed onto the notion that Central Banks are all powerful. We now have evidence that they are not.

Anyone who continues to believes in the All Powerful CB after today is a fool. Those who believed in Jordan’s promises now have red ink on their hands – lots of it!

The next central bank that will come into the market’s cross hairs is the ECB. Mario Draghi has made promises that he would “Do anything – in any amount”. Like I said, you would be a fool to continue to believe in that promise as of this morning.

We’ve just taken a huge leap into chaos. The linchpin of the capital markets has been the trust in the CBs. The market’s anchors have now been tossed overboard.

Thanks!! You may be right at least to a degree, but he definitely hobnobbed with them, debated with them, and had his picture taken with them.

Rich, I just read that story by Armstrong. regarding his statement below…

“This is about reaching a new understanding that we ALL NEED EACH OTHER and the free movement of capital is essential to world economic growth and sustainability.”

Comment:
Who is “we” to him? USA or the world? He sounds like a globalist. After reading that, he sounds like part of TPTB. Using the word “sustainability”? “We all need each other globally”? And implies we don’t have, but “need” free movement of capital”?

The world already HAS free movement of capital. Globalization. It led to todays present complicated and failing situation. Plenty of US capital went to China and many other countries prior to China, who got their “fix” way before China got on the US consumers payroll.